In Hong Kong, the news of suicide is very common, and unlike ordinary news, the news in the financial world is comparable to celebrity gossip, and it is only one night after all kinds of newspapers, magazines and television news that the matter has been reported in depth.

This incident did not put too much pressure on Chen Qiaoshan, but he did feel the cruelty of the capital market, and in addition, there was an opportunity to speculate again.

The plunge in futures copper caught many people off guard, but Chen Qiaoshan was not only surprised, but also unexpectedly remembered an old news.

Since the beginning of the new millennium, thanks to the huge market growth, whether it is crude oil, iron ore, precious metals or agricultural products, as long as China has demand, the price of the international market will rise rapidly, limited by the imperfect financial environment, China lacks the right to bargain in the international futures market, and has been repeatedly besieged by national speculators.

After the huge loss of China Aviation Oil in 04, it was followed by the copper incident of the State Reserve Futures in 05.

If Chen Qiaoshan is not mistaken, the beginning of the incident was the Lme copper plunge this time.

The State Reserve Bureau is a subordinate department of the National Development and Reform Commission (NDRC) and is in charge of national strategic material reserves.

China is the largest consumer of copper and the world's largest imports, and the State Reserve is responsible for copper imports and reserves, while its subordinate adjustment center is responsible for hedging in the futures market.

In the past few years, copper prices have climbed continuously.

The National Reserve has been long LME copper on the London Metal Exchange and has remained profitable.

However, in October 04, major investment banking institutions and financial research institutes suddenly gave predictions that copper metal would face overcapacity in 05, which directly led to the 10% plunge of Lme copper in a single day.

According to the regulations, state-owned institutions that have obtained overseas futures trading licenses are not allowed to engage in futures speculation except for hedging.

Perhaps in order to recoup the losses of the rat bin, or perhaps simply for speculation, the FDC traders overstepped their authority at this time and sold a large number of call options in the institutional option portfolio.

Unfortunately, the forecast of overcapacity is completely false, and there is still a huge gap in the market next year.

In 05, the international copper price soared against the market, and the price rose from $3,000 per ton in 04 to $4,150, creating the highest record in nearly a century, with an annual increase of nearly 40%.

As a result, it is conceivable that the National Reserve Bureau has continuously held heavy short positions, and finally suffered heavy losses, and the amount will definitely exceed the huge losses of China Aviation Oil.

Chen Qiaoshan was very helpless, there were too many losers, and he could only reluctantly get more wool for him.

Like buying a call option on China Aviation Fuel, he doesn't have any psychological burden.

Although there is a suspicion of being cheap and obedient, it is obvious that the money is earned by Chen Qiaoshan than in the hands of overseas speculators.

…………

Now that the United States has entered winter time, there is a 13-hour time difference between New York and Hong Kong, and the market on the 29th did not come out until the 30th, and after a continuous decline, the market finally ushered in the first small pullback, TI crude oil closed at $51.02.

In the face of subsequent fluctuations in the market, it depends on the experience and ability of Cecil and Lu Zhaolin, Chen Qiaoshan did not interfere too much, he just made it clear that the general trend is still downward, and the rest depends on their operations.

In order to avoid plane delays, Chen Qiaoshan set a morning ticket, and the flight arrived in Yanjing on time before 11 o'clock.

As soon as he got off the plane, Chen Qiaoshan felt a chill.

In October, the average temperature in Hong Kong is still around 28 degrees, but Yanjing has entered late autumn.

Seeing that the people on the same plane put on their coats one after another, Chen Qiaoshan could only secretly call out that he had made a mistake, and it seemed that it was still necessary to find a full-time assistant.

As soon as she left the port passage, she saw Yan Xiaoqin standing outside the fence looking forward to it, and when she saw Chen Qiaoshan coming out, she hurriedly waved her hand, and her face was a little happy.

There were a lot of people in the pick-up hall, Chen Qiaoshan said hello to her, went to the conveyor belt to pick up her luggage first, and then walked out.

"Didn't you tell you yesterday that Yanjing cooled down, why did you come back with a T-shirt?" Yan Xiaoqin was very helpless, she had clearly reminded her, but Chen Qiaoshan obviously didn't take it to heart.

"I was in a hurry to catch a flight this morning and forgot to take my coat. Chen Qiaoshan found a very lame reason, and then took Yan Xiaoqin into his arms regardless of it, the two have been separated for a month, and they are quite worried.

Yan Xiaoqin was wearing a suit-style cardigan jacket on his upper body, black trousers and a pair of burgundy boots, which should be deliberately painted with light makeup, his eyebrows and eyes looked a little more delicate than usual, his hair was shawl, and he was tall and well-proportioned against the backdrop of professional clothes, and he looked like a beauty in the workplace.

I haven't seen her for a long time, they are all men and women who have tasted love for the first time, Yan Xiaoqin did not shy away from revealing some intimacy, she leaned on Chen Qiaoshan's arms, rubbed his shoulder with a side face, and whispered in a voice that only the two of them could hear: "Do you still know to come back?"

She whispered softly, with a hint of disgust, but the affection in it was also unmistakable.

Chen Qiaoshan smiled: "What, miss me, right?"

"Not really. Yan Xiaoqin refused to admit it, but her charming face was full of affection, and she still betrayed her true heart.

Chen Qiaoshan smiled, "When did you come, you have been waiting at the airport for a long time, right?"

"It's okay to be home alone, and I came over at eight o'clock. ”

After being tired for a while, Yan Xiaoqin took Chen Qiaoshan's arm and walked out of the pick-up hall together.

Today's weather is a little gloomy, it is estimated that it is only about ten degrees, Chen Qiaoshan has been on Hong Kong Island for a few weeks, and it is really a little uncomfortable to come back suddenly.

After getting into the car, Yan Xiaoqin started the car and said, "Sun Guangming knows that you are coming back today, and he wants to invite you to dinner at noon, shall we go home first or go directly to the hotel?"

Chen Qiaoshan said: "This guy really has no eyesight at all, let's be newlywed, how can we have the heart to eat with him, go home first, and let him stay where he is cool." ”

Yan Xiaoqin glanced at him with shame and disgust, and said, "In broad daylight, you can't be serious." ”

Chen Qiaoshan chuckled twice, knowing that her face was tender, but she didn't mention this stubble anymore, and was about to get on the airport expressway, he didn't want to make any trouble, it was better to be more restrained, he asked: "Why did Sun Fatzi think of inviting me to dinner?"

Yan Xiaoqin said with a smile: "Isn't Sun Guangming engaged in the IT community recently, I heard Wang Lin say that he has become a typical entrepreneur of the National People's Congress, and he has also been interviewed by the school TV station, and now he is very famous in their school, he is in a hurry to find you, it must be for the website." ”

The last time he was targeted by Dones, Chen Qiaoshan moved to prepare for singing the play, he was not ready to do it himself, so he asked Sun Guangming to come forward, the two hit it off, he was in preparation before he went to Hong Kong, and now he should have eyebrows.

Sun Guangming seemed to be really in trouble, not long after he got on the airport expressway, the phone called, Chen Qiaoshan thought about it, and finally agreed.

The place was chosen by Sun Fatzi, and it was chosen near Tsinghua Science and Technology Park, not far from the Blue Flag Camp Community.

Rushed to the hotel, Sun Fatzi was already waiting at the door, and when he saw the two of them arriving, he stepped forward and said, "Dashan, you are finally back." ”

"Didn't you call you all the money, why are you in such a hurry to find me?" Chen Qiaoshan gave 2 million in the first phase, which is quite generous for an IT community.

Sun Fatzi is really ready to do a big job, not only the financing money that has just arrived, but also the 500,000 yuan in his hand is smashed in, "Don't stand at the door, this season Yanjing people pay attention to sticking autumn fat, please eat mutton pot today." ”

"You kid is so fat, and you still have the heart to eat hot pot? Don't say I didn't remind you, take it easy, the two million you were given is financing, don't be overwhelmed. ”

"Don't wronged people, the financing money is in the company's account, and the money earned in the stock market was also invested, I didn't even get my salary in the company, so I relied on my mother's monthly subsidy of 1,000 yuan for living expenses, unlike you, even Daben bought it. Sun Fatzi is still as broken as always, and he really chose the right person to send him to the media, and he can be regarded as making the best use of his talents.

"By the way, when I picked up the car, I haven't driven Daben yet, you are so rich now, poor my bank card, the six-digit password protects the four-digit deposit, or you can pay for this meal." ”

Chen Qiaoshan was also convinced, so he was too lazy to take care of Sun Fatzi, and took Yan Xiaoqin into the store.

The mutton shabu in this shop is indeed authentic, the lamb's upper head, waist fossa, and feet are accompanied by cabbage, vermicelli, stewed tofu, and the authentic clear soup old copper pot, Chen Qiaoshan doesn't care what Sun Fatzi's purpose is, he first had a good meal, and ate half full, then he slowly tore the sesame baked cakes, dipped in the mutton soup and "slipped away" without a mouthful, "Tell me, invite me to dinner in such a hurry, what do you want to say?"

Sun Fatzi is waiting for this sentence, I don't know the difficulties of not starting a business, there is no shortage of money, but the company really has to be managed, it has been half a month, and the website has not yet been seen, and he and his partners have different opinions.

The partner's name is Zhu Zhijun, who used to be the editor-in-chief of Sina Science and Technology Channel, and he aimed at the network portal when he came up, which has the meaning of replacing the three major portals.

Sun Fatzi has been with Chen Qiaoshan for a long time, and he is not optimistic about the simple portal business, he also feels that the portal is facing the pressure of transformation, and the two have long discussed, the website is still positioned in the IT media community, the concept is not compatible, and the contradictions are naturally indispensable.

After listening to what happened, Chen Qiaoshan didn't take it too seriously.

Just like ten years later, this year has also been popular, and now the portal is hot, and it is no surprise that all websites want to move closer to the portal.

"Zhu Zhijun wants to be a portal, there is no need to argue with him for the time being, with your current strength, you will definitely not meet the qualifications for obtaining a license, and if you don't do the first in the IT community, it will be difficult to follow up on financing. ”

Sun Fatzi said: "Zhu Zhijun came out of Sina, there must be a way in his hand, what if he brings in funds?"

Chen Qiaoshan said with a smile: "Zhu Zhijun is responsible for the content, you are responsible for the operation, I am an investor, there is no irreplaceable one of our three parties, but you should still remember the financing agreement, the veto is in my hands, if there is an irreconcilable contradiction in the future, we can kick Zhu Zhijun out at any time, what do you have to worry about?"

Sun Fatzi looked disdainful, "I said Dashan, you have really changed, the ugly face of the capitalist has been vividly interpreted by you, and I am a little ashamed to be with you." ”

"Okay, don't try to be happy, do you really think that the Internet is easy to finance? If you don't want to fight Dones, you really have to weigh whether you invest in the IT community or not. "Chen Qiaoshan is not a good man and a woman, there are too many examples of capital suppressing entrepreneurial teams, he just gave Sun Fatzi a wake-up call.